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The FAME India Phase II Scheme, which started on April 1, 2019, with a budgetary support of Rs 10,000 crore for a five-year period, is designed to boost the electrification of public and shared transportation.
Please refer to my letter dated 2-6-2023 addressed to you on the above subject
According to the notification, the ministry has reduced the 40 percent maximum incentive rate for electric two-wheelers to a cap of 15 percent.
Electric scooters: The FAME incentive is applicable throughout the country, and the demand incentive benefit will be passed on to the consumer upfront at the time of purchase of the xEV itself by way of paying the reduced price
As electric cars prepare to enter the Indian auto industry, we look at 5 forthcoming electric vehicles.